Interest Rates Take Another Leap
Wednesday, August 2nd, 2006The news everyone was hanging on. Despite pleas from Howard and Costello the RBA has decided to lift cash rate to 6.0% with their desicision based on an underlying inflation rate of 3%, above-average global growth and strong domestic demand indicating likely inflation increases ahead.
Even with the previous interest rise there was still a strong demand for finance from the household and business sector contributing to the need for the brakes to hopefully be applied with this rise.
